From Patrick Gibson
Richmond 27th July 1814
I have received your favor of the 23d Inst and am sorry to inform you that owing to the present distressd state of the banks, no addition to your note can be obtained, indeed so far from their increasing their discounts, they have been reduced to the disagreeable necessity of curtailing the one 10 the other 15 prCt for every 60 d/.—this has been the case with the Farmer’s bank for 4 months past, and must be continued by both, until a change takes place in our affairs. they have been driven to this, by the continual demands upon them from the North, which are rapidly draining them of their specie, and will inevitably if times continue deprive them of every dollar—I have never witnessed such a scarcety of money, indeed the pressure is already very severe & becomes daily more so. to this is to be attributed my not being able to obtain even 3¼$ for your flour, at which I have offer’d it I send you inclosed $200 and shall attend to your dft in favor of Joseph B Proctor $63.91—With great respect I am Your obt Servt
RC (MHi); between dateline and salutation: “Thomas Jefferson Esqre”; endorsed by TJ as received 31 July 1814 and so recorded in SJL.
TJ’s favor of the 23d inst, recorded in SJL but not found, presumably directed Gibson to pay Joseph B. proctor. The payment was for unspecified quantities of cotton and whiskey (MB description begins James A. Bear Jr. and Lucia C. Stanton, eds., Jefferson’s Memorandum Books: Accounts, with Legal Records and Miscellany, 1767–1826, 1997, The Papers of Thomas Jefferson, Second Series description ends , 2:1301).
Joseph B. Proctor later gave TJ a receipt, dated 23 Aug. 1814, for TJ’s purchase for $3 of “12[TJlb] of cotton @ 1/6” (MS in DLC; mutilated; endorsed by TJ). Proctor, a resident of Albemarle County from whom TJ also bought cotton, oats, and tar on 2 May 1814, died later that year (MB description begins James A. Bear Jr. and Lucia C. Stanton, eds., Jefferson’s Memorandum Books: Accounts, with Legal Records and Miscellany, 1767–1826, 1997, The Papers of Thomas Jefferson, Second Series description ends , 2:1299; Albemarle Co. Order Book [1813–15], 411 [5 Dec. 1814]).
- alcohol; whiskey search
- banks; distressed situation of search
- cotton; purchased by TJ search
- Gibson, Patrick; and payments to TJ search
- Gibson, Patrick; and TJ’s bank note search
- Gibson, Patrick; and TJ’s flour search
- Gibson, Patrick; letters from search
- Proctor, Joseph B.; identified search
- Proctor, Joseph B.; TJ pays search
- whiskey; TJ orders search